Hammond struggles in Brexit straitjacket
Philip Hammond is struggling with his Brexit straitjacket. Britain’s chancellor announced giveaways to homebuyers and the health service in his autumn budget. But bleak growth forecasts and the economic drag caused by leaving the European Union severely limit his generosity.
EU to press May at summit, UK dismisses Brexit offer talk
European Union leaders will press Theresa May to meet their conditions soon for launching post-Brexit trade talks when she holds talks on the sidelines of a summit in Sweden on Friday, EU officials said.
British aid minister resigns over undisclosed meetings in Israel
British aid minister Priti Patel resigned on Wednesday, saying her actions had fallen “below the high standards that are expected” of her position when she failed to disclose meetings with Israeli officials during a holiday.
German minister warns EU against toughening car emissions targets
German Foreign Minister Sigmar Gabriel has told European Commission President Jean-Claude Juncker that he is against any toughening of European car emissions targets by 2025, warning that stricter rules would cost jobs and growth.
Putin, wary of political tumult, shuns Russian Revolution centenary
Vladimir Putin stayed away from events marking the centenary of the Russian Revolution on Tuesday, an event that changed the world but has awkward associations for the former KGB operative who was trained to keep a lid on dissent, not celebrate it.
Philippines starts construction near China's manmade islands in disputed waters
The Philippines has started upgrading military facilities on the biggest features it occupies in the disputed South China Sea, its defense secretary said on Tuesday, asserting Manila’s claims in the strategic waterway.
Goldman Sachs, China's CIC to launch up to $5 billion fund: sources
Goldman Sachs (GS.N) is partnering with sovereign fund China Investment Corp (CIC) to jointly launch an up to $5 billion fund to invest in U.S. manufacturers, according to people familiar with the situation.
U.S. commerce chief Ross: Nothing improper about his Russia-tied investments
U.S. Commerce Secretary Wilbur Ross said on Monday he had done nothing wrong and did properly disclose his investments in a shipping firm that has significant business ties to Russian President Vladimir Putin’s inner circle.
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